Notice Of Default
A notice filed to show that the borrower under a mortgage or deed of trust is in default (behind on payments).
More Real Estate Definitons
OrientationTriplexSinking FundFacilitatorBuy-Sell OfferOverage RentKickerJointDecorateUndercoatingJunk ValueDeliveryTrafficVacancyDepreciateQuadrantJunior LienQuitclaim deedYieldYard LumberWestern FramingBrokerageYardVicinageKite WinderMarginalThermKey TenantKickbacksWorking DrawingWainscotInheritance TaxX-BracingCasement WindowRollover LoanTermite ShieldKilogramHabendum clauseGift TaxBuildingValuationKickback